Tagged: europe

July 30, 2020 @ 10:47 am By Omar Faridi  |  

Funding Circle (LSE: FCH), an SME lender that facilitates loans in both the US and parts of Europe, recently noted that as the Coronavirus-related lockdown measures are eased, many businesses in the United Kingdom are preparing to open up again. However, even for businesses that… Read More

July 30, 2020 @ 9:00 am By Omar Faridi  |  

Peer to peer Bitcoin marketplace, Paxful claims that there’s now a growing interest in the use of P2P Bitcoin (BTC) trading platforms in Russia. According to a release shared with Crowdfund Insider, many Russians have been turning to cash and BTC during these times of… Read More

July 29, 2020 @ 12:23 am By Omar Faridi  |  

Frankfurt-based Deutsche Bank AG, a multinational investment bank and financial services company that’s dual-listed on the New York Stock Exchange (NYSE: DB) and Frankfurt Stock Exchange (FWB: DBK) with around €1.3 trillion in assets, will reportedly be investing in Germany-based Fintech firm Traxpay. According to… Read More

July 28, 2020 @ 10:45 pm By Omar Faridi  |  

Robert McKechnie, head of product at Equifax UK, a data analytics and technology company, has argued that Open Banking can help with lending during the COVID-19 crisis. McKechnie believes that data-sharing via Open Banking (after obtaining customers’ consent) will help with giving potential lenders the… Read More

July 27, 2020 @ 9:17 am By Samantha Hurst  |  

European fintech Viva Wallet announced on Sunday it has joined forces with e-commerce platform WooCommerce to launch a free Pan-European native payments gateway solution. Viva Wallet claimed that Viva Wallet for WooCommerce is the only continuously expanding smart payment plugin addressing the needs of online… Read More

July 27, 2020 @ 8:53 am By Omar Faridi  |  

Investment in the United Kingdom’s Fintech industry reportedly slowed down by over a third during H1 2020, as many investors appear to be holding on to cash due to the economic uncertainty created by COVID-19. Despite the slowdown, investment levels still managed to gain 22%… Read More

July 26, 2020 @ 8:00 pm By Omar Faridi  |  

  We recently caught up with Sky Guo, a founding member at the OMFIF Digital Monetary Institute, the global central banking think tank that assists policymakers with understanding central bank digital currencies (CBDCs). Guo, who’s also the founder of Cypherium, which focuses on enabling interoperability… Read More

July 25, 2020 @ 6:48 pm By Omar Faridi  |  

  One in five or 20% of startups in Latvia are part of the nation’s Fintech sector, according to a report released on July 24, 2020. Swedbank Latvia, a large retail bank, teamed up with the Latvian Startup Association in order to publish a Fintech… Read More

July 25, 2020 @ 5:38 pm By Omar Faridi  |  

Estonia-based Fintech firm Montonio has secured €500,000 in capital through a new pre-seed funding round. Charlie Songhurst from Katana Capital and (previously) Google, and Triin Hertmann (former COO at TransferWise) and Martin Sokk (first head of product at TransferWise) took part in the round. Other… Read More

July 24, 2020 @ 12:30 am By Omar Faridi  |  

BNP Paribas, a French international banking group that’s ranked as the 8th largest bank in the world in terms of total assets (appr. €2 trillion), will reportedly become an anchor client in the European Union for tech giant IBM’s Cloud for Financial Services framework. The… Read More

July 23, 2020 @ 7:51 am By Omar Faridi  |  

Munich-based Scalable Capital, a company that has developed a platform to monitor and manage investment portfolios, has secured €50 million in capital through a Series D investment round led by Barclays Bank. Scalable Capital, which offers a digital wealth management platform, also received investments from… Read More

July 23, 2020 @ 1:44 am By Omar Faridi  |  

Switzerland’s Smart Valor, a company that operates a European crypto-asset trading platform, has revealed that it plans to add support for Kyber Network Crystal (KNC) staking, which will give Kyber Network members the chance to stake their KNC tokens on KyberDAO. Kyber Network is an… Read More

July 22, 2020 @ 11:34 pm By Omar Faridi  |  

VTB Bank, a leading Russian universal bank with over $6 billion in annual revenue, has introduced a “robot factory.” The bank, which has more than 77,000 workers, says it’s planning to introduce 250 “digital employees” off the production line in the coming years. VTB Bank’s… Read More

July 21, 2020 @ 10:30 am By Samantha Hurst  |  

Plum, an artificial intelligence (AI)-enhanced smart savings mobile app, has raised $10 million through its latest investment round, which was led by Japan’s Global Brain, and the European Bank for Reconstruction and Development. The latest investment comes less than a year after Plum raised $3 million through… Read More

July 21, 2020 @ 8:00 am By Omar Faridi  |  

Bolsas y Mercados Españoles (BME), a Spanish company that addresses the organizational aspects of Spain’s stock exchanges and financial markets (including stock exchanges in Madrid, Barcelona, Bilbao, and Valencia), has reportedly teamed up with Barcelona Tech City in order to establish a new Fintech hub…. Read More

July 21, 2020 @ 7:51 am By Omar Faridi  |  

The European Commission (EC), the executive branch of the European Union that recommends legislation, implements various policies and decisions, among other duties, is being asked to use its European Social Fund (ESF) to issue loans via crowdfunding and peer to peer (P2P) lending platforms across… Read More

July 20, 2020 @ 7:29 am By Omar Faridi  |  

Banking professionals, asset managers, insurance providers and Big Four auditing firms need access to reliable information about businesses. Fintech firm Galytix has introduced an economic intelligence platform that allows users to gain access to important information about companies. Galytix is reportedly planning to establish operations… Read More

July 19, 2020 @ 3:00 pm By Omar Faridi  |  

BBVA (Banco Bilbao Vizcaya Argentaria, S.A.), a Spanish multinational financial services company based in Madrid and Bilbao, Spain with nearly €700 billion in assets, has introduced the results of six proof of concept (PoC) trials that leverage quantum computing for several different potential business use… Read More

July 19, 2020 @ 1:57 pm By Omar Faridi  |  

Zürich-based Swiss Infrastructure and Exchange (SIX) Group AG, the operator of Switzerland’s stock exchange, revealed that it has invested in the operations of Vestr, a Swiss company that offers a software engine to the issuers of Actively Managed Certificates (AMCs). The amount invested, through a… Read More

July 19, 2020 @ 1:17 pm By Omar Faridi  |  

Lucinity, an AML software developer established by a compliance professional who previously worked at Citigroup, has acquired $6.1 million in capital. Meanwhile, Regtech company Hummingbird, which is also an anti-money laundering software developer, has finalized an $8.2 million Series A investment round. Lucinity’s recent round… Read More